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How is Tesla, who earns 100 million a day, doing in the Chinese market? On the evening of Feb. 7, Tesla submitted the 10murk annual report to the Securities and Exchange Commission (SEC) to further disclose the company's operations in 2021. Divided by region, the United States is still Tesla's largest market. Tesla's income in the US market in 2021 was US $23.973 billion, accounting for 44.55% of the company's total revenue, while the Chinese market was Tesla's largest overseas market, second only to the US market. Tesla's income in China in 2021 was $13.844 billion (about 88.1 billion yuan), an increase of 107.8% over the same period last year. Of this total, revenue was $9.015 billion in the first three quarters of 2021 and $4.829 billion in the fourth quarter.

According to Tesla's previous financial report, Tesla's total revenue in fiscal year 2021 was $53.823 billion (about 340.193 billion yuan), an increase of 71 percent over the same period last year. The net profit for the fiscal year 2021 was $5.519 billion (about 34.88 billion yuan), an increase of 665 percent over the same period last year. As a result, the Chinese market accounts for 25.7% of Tesla's revenue in 2021.

Tesla's revenue in China has soared, mainly due to increased production and delivery by super factories in Shanghai. According to the financial report, Tesla delivered a total of 936000 new cars worldwide in 2021, an increase of 87 percent over the same period last year, of which 484000 were delivered by Tesla Shanghai Super Factory, an increase of 235 percent over the same period last year, accounting for 51.7 percent of Tesla's total global delivery. it is Tesla's first single market in the world. Tesla relies on the Shanghai factory to deliver 484000 new cars throughout the year, of which 321000 are retail in China, and the remaining 163000 are mainly exported to Japan, Europe and other countries. In the Chinese market, there will be 169853 Model Y retail vehicles and 150890 Model 3 retail vehicles in 2021. In terms of car sales, Tesla China is second only to BYD Motor and SAIC GM Wuling, which sold 584000 and 431000 new energy vehicles in 2021, respectively.

In addition to China and the United States, Tesla's income is also rising rapidly in other regions. Although Tesla did not disclose the details of the European market in the document, sales revenue in "other regions", including the European market, reached US $16 billion, an increase of 65.5% over the same period last year, second only to the Chinese market. When releasing the annual report, Tesla pointed out that Tesla's share of the European market has exceeded that of the Chinese market, and Tesla's penetration in the European market is expected to further increase with the commissioning of the Berlin plant throughout the year.

Thanks to the excellent results of the previous year, Musk also gave Musk a lot of information. It expects Tesla's delivery volume to grow to 50 per cent in 2022, which can be achieved by relying on two established factories, Fremont and Shanghai. Of course, capacity climbing needs to solve supply chain problems. According to Tesla, the Fremont plant has a capacity of 600000 vehicles, including 500000 of the Model 3Unix Y, while the Shanghai plant has a capacity of 450000. In addition, although the commissioning time of the plants in Berlin and Texas is uncertain, judging from the current situation, Tesla is accelerating the commissioning of the plant, in which the Texas plant has already started trial production of Model Y at the end of 2021, and the Berlin plant has also started testing of vehicle production equipment.

Based on this, Tesla is not short of production capacity. However, Tesla still believes that supply chain shortages this year will still limit production capacity, so new models such as the electric pickup car Cybertruck, the electric truck Semi and the sports car Roadster will not be launched in 2022, focusing on improving the capacity climb of existing models. Tesla expects capital expenditure to reach a record high of $5 billion-$7 billion in 2022 and the next two years, higher than previously expected.

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